Agreement opens way for R1.8bn oil services hub at Saldanha port

A private port terminal operator has been selected to build and operate South Africa’s first offshore supply base (OSSB) at the Port of Saldanha, in the Western Cape. The facility, which will involve investments of R1.8-billion over the coming five years, will provide services to offshore oil and gas companies operating along Africa’s coastline. The OSSB is to be developed by Saldehco, owned by private investment group HARPS Holdings, which has energy, property and marine interests in several countries, as well as black-women-owned energy company Semona. 

Powered by WPeMatico

Rental income growth pressure, higher finance charges dent Octodec’s H1 results

Pressure on rental income growth, the lag effect of the let-up period at recent developments and higher finance charges, negatively impacted on JSE-listed real estate investment trust Octodec’s results for the six months ended February 28. “The political and economic uncertainty experienced during the period did not lend itself to a supportive operating environment. Our approach was, therefore, to focus on core property fundamentals and position ourselves to provide sustainable value creation,” CEO Jeffrey Wapnick said in a statement on Monday.

Powered by WPeMatico

Tower Property’s refurbished, renamed Cape Quarter Plaza set to launch end-April

The refurbishment of the Cape Quarter Plaza, which will be renamed the Old Cape Quarter upon completion, will be launched by Tower Property Fund’s subsidiary Cape Quarter company at the end of April. The Cape Quarter precinct is situated in De Waterkant, in Cape Town, and is a highly desirable residential area with strong demand and high selling prices, Tower noted.

Powered by WPeMatico

Corobrik embarks on multibillion-rand investment

South African brickmaker Corobrik announced on Monday it has embarked on a multi-billion rand investment roll-out to grow its business and develop new markets over the next five to six years. Corobrik CE Dirk Meyer said that the lion’s share of the initial R1-billion allocated during 2017/18 would go towards a R800-million megafactory that will be built alongside its existing Driefontein factory in Gauteng. It is due to be commissioned in 2020.

Powered by WPeMatico

Adhesive for heavy, abnormal loads applications launched

Diversified sealing and adhesive company Loctite, a subsidiary of Germany headquartered Henkel, launched a new range of Loctite universal structural bonders (industrial strength hybrid adhesives) that expands the capabilities of traditional adhesives.

Powered by WPeMatico

Heavy capacity lifting equipment in high demand

Heavy lifting equipment suppliers must sustain investment in the upgrade of lifting equipment fleets and other resources if they wish to remain competitive, advises lifting solutions provider Johnson Crane Hire sales executive Peter Yaman. “The South African economy is experiencing a slight decline in big infrastructure project spending. However, despite the industry slowdown, projects currently under way need lifting equipment that is capable of heavier capacity than the industry has traditionally had to cater to.”

Powered by WPeMatico

New heavy-duty jib put to the test

Heavy lifting solutions provider Ale has used its heavy duty jib with the the AL.SK350 crane while performing its inaugural lift, weighing 1 276 t, of a floating production storage and offloading (FPSO) module integration project in Nigeria. The world’s largest capacity land based crane, the AL.SK350, has been rigged in its current biggest configuration with a 124 m a-frame main boom, 49 m ballast radius and the 38 m jib for additional outreach, along with a heavy winch system and 4 000 t ballast for the project in Lagos.

Powered by WPeMatico

Company offers customisable electrical distribution solution

Transformer supplier Trafo Power Solutions is offering dry-type mini substations as a complete and customisable electrical distribution solution for several applications. “Mini substations generally include oil transformers, but Trafo Power Solutions is now able to design and deliver dry-type mini substations using the well-proven and reliable transformer technology of dry-type transformer manufacturer Hammond Power Solutions,” says Trafo Power Solutions MD David Claassen.

Powered by WPeMatico

Investor interest in Africa’s power sectors remains significant

Despite the downturn in commodity prices that led to more subdued growth in several of Africa’s resource-intense economies, there is still significant investor interest in Africa’s power sectors, says multidisciplinary engineering consultancy WSP Africa power transmission and distribution director Dinesh Buldoo. “While a significant amount of investor interest is focused on renewable-energy projects, the company is seeing steady investor interest in other power generating technology options in Africa, especially gas and coal. The reality is that the optimal energy mix for Africa relies on a variety of generation technologies.”

Powered by WPeMatico

Nigeria plans power tariff overhaul by 2021 to attract investment

Nigeria plans to overhaul its energy tariff system by 2021 to try to attract investment and improve power supply, the vice chairman of the country’s electricity regulator said. Only about half of the 190 million people in Africa’s most populous country have access to power. The problem has been exacerbated by prices that are capped below what it costs to generate and deliver power.

Powered by WPeMatico